my main requirement here is to keep the 2 player setup on opposite sides of the case, the original Sp Inv game would flip the display from side to side for 2 player battles
Confirmed the following on MAME v0.162 -- may not work on the really old versions used in Retropie.
1. The ROM you're looking for is "invaders.zip".
2. Get the related art/layout files.
(MAME v0.107 or newer)
https://mrdo.mameworld.info/mame_artwork_ingame.php- Upper left, "Filter by Game" pulldown, select "S", then press the "Filter By Game" icon.
- Save the invaders.zip file containing the art and layout files in the mame\artwork folder. (Leave it zipped.)
(MAME v0.61 - 0.106)
https://mrdo.mameworld.info/old_artwork.php- Save the invaders.zip file containing the art and layout files in the mame\artwork folder. (Leave it zipped.)
3. After you launch Space Invaders, press TAB. (menu)
In the "Game Configuration" menu, change Upright to Cocktail. (press right arrow)
Highlight "Return to Previous Menu" and press ENTER.
In the "Video Options" menu, select "Color Overlay", "Standard", or "Pixel Aspect".
***- The "Cocktail" video option is not going to display the way you want. ***
That should get you started.

Scott